Gold producer Nordgold, controlled by the Russian tycoon Alexei Mordashov, plans to invest more than $360 million over the next 15 years in development of the Lefa mine in the Republic of Guinea. “Nordgold is pleased to announce that a new mining permit will be effective starting from March 21. The new permit as well…
DetailsIn 2018, demand for steel continued to recover, coupled with a rise in protectionism in key markets. “In this context, NLMK Group’s flexible business model that helped it secure its presence in key sales markets, enabled the company to grow its sales by 7% YoY, or by 1.1 million tons, to 17.6 million tons, hitting…
DetailsResidents of Akolon village in Ton district of Issyk-Kul region oppose development of Tash-Bulak uranium deposit, local activist Akzholtoi Tukunov reported. According to him, the villagers intend to hold a rally against the development of the uranium deposit. “Villagers are concerned about the health, the future of our children, since we do not know how…
DetailsThe project to develop Ozernoye lead-zinc deposit in the Republic of Buryatia has been presented to the president representative in the Far East District, Yuri Trutnev, in order to receive state support. The license from December 2018 is owned by Ozernoye LLC. The deposit is one of the 10 largest zinc deposits in the world.…
DetailsIn 2018 Vostsibugol, developing coal deposits in Irkutsk and Krasnoyarsk region, mined 15.5 million tons of coal, up by 12.3% YoY. The output at Cheremkhovsky pit was 4.6 million tons, up by 22%. Tulunugol pit yielded 7.5 million tons, up by 10%. Coal extraction at Zheronsky pit grew by 19%, to 861 thousand tons. 2.6…
DetailsIn 2018 GRK Darkhan LLC, developing the Kirchenovskoye deposit in Zabaikalye, sold 327.3 kg of gold and 17 tons of silver, up 1.9-fold and 2.5-fold YoY respectively. The increase is due to the growth of ore processing. While in 2017 Darkhan processed 83 thousand tons of ore, in 2018 it processed 303.1 thousand tons. Revenue…
DetailsIn January Tulachermet set a new record on monthly pig iron output operating just two blast furnaces. Last month the company produced 216.768 thousand tons of pig iron, having exceeded the target by 8.768 thousand tons. The previous record was set in December 2018 – 215.24 thousand tons. Tulachermet has been steadily increasing pig iron…
DetailsSome 300 miners have blocked the Vinnichenko street in Lviv, where the Lviv regional state administration is situated. They demand clearing salary debts. Prior to that the miners have marched through the central streets of the city. They claim they have so far received only half of their December 2018 salary, and nothing for January.…
DetailsThe metal companies are prepared to invest in the state system of education. According to Metinvest director on personnel Alexander Pimkin, at present the state does not do all the necessary things to reform the education system. “The approach to and the volumes of financing on behalf of the state are not enough”, he said.…
DetailsIn January Energomashspetsstal produced and shipped a gondola frame for the Atomwind-Kramatorsk wins plant at the order of Furlender Windtechnology LLC. The weight of the casting is 33.7 tons. This is the third frame manufactured under the project. In February EMSS will ship another frame. The contract was concluded in 2018. According to it, EMSS…
DetailsTechnoinvest Alliance has once again postponed the terms of launching the mining and processing works on the basis of the largest rare-earth metals deposit in Russia (Zashikhinskoye) – this time to late 2023. The terms have been postponed since 2014. Initially it was intended to start the construction of the works with the capacity of…
DetailsIn 2019 Vorkutaugol will increase investments in development by 18% YoY, to 6.2 billion rubles. Most of the funds – 2.7 billion rubles – will be spent to replace outdated mining and processing machinery, as well as cargo and passenger transport. The construction of the ventilation shaft No. 4 at the Zapolyarnaya mine, the ventilation…
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